Death of a Taxpayer – Tax consequences of the transfer of assets on a taxpayer’s death - 30 August 2017 (On Demand)

Description

An individual’s death can trigger onerous and often unexpected tax liabilities. This webinar will provide attendees with a broad understanding of the tax consequences that arise from asset transfers made upon an individual’s death. The webinar will also provide attendees with the ability to ensure that their clients have structured their affairs to minimise the tax impact of their death.

Topics covered will include:

An overview of relevant legal concepts including executors, administrators and probate

Income tax consequences of asset transfers on the death of an individual, including when a market value disposal is deemed to arise and when relief is available

GST consequences of asset transfers on death

How death affects shareholder continuity for a company

Tax consequences of receiving an inheritance payment from a New Zealand based estate or an offshore estate

LEARNING OUTCOMES

The death of an individual can have wide-reaching effects on their financial and business interests with flow on taxation consequences. This webinar will provide attendees with a broad understanding of the income tax rules applying to the transfer of assets upon death. More importantly, it will enable attendees to more effectively advise their clients in relation to estate and succession planning and identify any “red flags” with the asset transfers proposed on the death of a client.

SUITED TO

Accountants of all levels, particularly those advising individuals on estate and succession matters

Lawyers advising on wills, trusts, succession and other estate matters

Other professionals providing executor, trustee or other estate related services

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